Coping With Commercial Leases In Bankruptcy

Law360, New York (April 8, 2012, 8:00 PM EDT) -- The last several years have seen bankruptcy filings from prominent retail chains such as Borders, Circuit City, Blockbuster, Movie Gallery and Ritz Camera. Many of these cases have resulted in liquidation. For commercial landlords, retail bankruptcy cases present a number of potentially damaging issues, including nonpayment of rent, assignment of the lease to an unworthy tenant, vacant space in an otherwise popular location and going-out-of business sales.

A commercial landlord faced with a tenant's bankruptcy will want to know, as soon as possible, what will happen...
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